$200,000 Mortgage Loan Payments and Costs

Home Price

Down Payment

Down Payment (%)

Mortgage Loan Length

Interest Rate

Loan Summary

Use the mortgage calculator to calculate the cost of buying a $200k home. Change the numbers to see different options.
This calc can be used for car loans, debt, real estate, home purchase, etc.

Can I afford a 200,000 dollar house? It depends.
In addition to the mortgage payment, a home also has insurance, maintenance, and taxes.
Taxes can vary drastically by area. A very rough estimate is to not spend more than 30% of your income
on housing.

How do I get a mortgage? A simple first step is to talk to a local banker and fill out a mortgage application. Then consider other offers, either local or online.

How much of a down payment should I make? Here's a little chart that shows monthly payments based on down payment for a $200,000 house.

2% interest

0% down

$739.24/mo

5% down

$702.28/mo

10% down

$665.32/mo

15% down

$628.35/mo

20% down

$591.39/mo

25% down

$554.43/mo

30% down

$517.47/mo

35% down

$480.51/mo

40% down

$443.54/mo

45% down

$406.58/mo

50% down

$369.62/mo

4% interest

0% down

$954.83/mo

5% down

$907.09/mo

10% down

$859.35/mo

15% down

$811.61/mo

20% down

$763.86/mo

25% down

$716.12/mo

30% down

$668.38/mo

35% down

$620.64/mo

40% down

$572.90/mo

45% down

$525.16/mo

50% down

$477.42/mo

6% interest

0% down

$1,199.10/mo

5% down

$1,139.15/mo

10% down

$1,079.19/mo

15% down

$1,019.24/mo

20% down

$959.28/mo

25% down

$899.33/mo

30% down

$839.37/mo

35% down

$779.42/mo

40% down

$719.46/mo

45% down

$659.51/mo

50% down

$599.55/mo

Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.